This is the Grupo Los Capullitos, or Little Buds Group, which is comprised of nine entrepreneurs that are in their 15th cycle of borrowing. Marleni is 32 years old and lives with her two school-aged children. She has had a shop that sells basic foodstuff for 5 years with a loyal base of customers. She’s asking for the loan to purchase seasonal fruitcake (panettone), chocolate, milk and sugar. Marleni's dream is to one day grow her business so she can better serve her customers and give her children a better quality of life. She is very happy with this loan and thankful to KIVA. She is the first one on the right in a black polo.

Additional Information

About EDAPROSPO

EDAPROSPO seeks to use micro-credit to foster productive commercial activity for the sake of economic and social development within vulnerable urban and rural sectors traditionally neglected by commercial banks. By offering innovative products such as technical education loans and microfinance groups for young people, EDAPROSPO helps disadvantaged Peruvians lift themselves out of poverty.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.